Low orders, strong dollar soften wool market
The strong dollar, restricted off-shore interest and high volumes of one wool category on offer this week saw local prices ease.
The rapid rise in the New Zealand dollar just prior to auction saw a lowering of local wool prices in many areas says New Zealand Wool Services International (NZWSI).
Marketing executive, Paul Steel says that of the 18,200 bales on offer 88.4% sold.
The weighted indicator for the main trading currencies was up 1.78% compared to the last sale on 12th March.
Steel says that Fine Crossbred Fleece and Shears ranged from firm to 5% dearer.
Coarse Crossbred Full Fleece were generally firm. Coarse Shears were firm to 2% cheaper.
First Lambs were firm to 1.5% cheaper overall.
Long Oddments were 2 to 7% easier with short types firm to 3% down.
There remains strong interest from China and Australasia with support from the Middle East, Western Europe, India, and the United Kingdom.
Next sale on 26th March comprises approximately 9,500 bales from the South Island.
The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.
Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Dairy
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
OPINION: The new government has clearly signalled big cuts across the public service.
OPINION: Your canine crusader is not surprised by the recent news that New Zealand plant-based ‘fake meat’ business is in…